EURR, a euro-backed stablecoin, is now available to Revolut users in Denmark, Poland, and Portugal — and the token is issued not by Revolut, but by Bridge, a stablecoin infrastructure company owned by Stripe.

The on-chain euro is being distributed to roughly 2 million customers, who can use it as fiat money or as crypto. The launch comes as Revolut removes Tether's USDT from its platform to comply with the EU's Markets in Crypto-Assets Regulation (MiCA), whose stablecoin and licensing rules began phasing in across the bloc during 2024.

A euro token issued by Stripe's Bridge

EURR is created by Bridge Building S.A., a Luxembourg-based company. Bridge is a stablecoin infrastructure firm that Stripe acquired for $1.1 billion in February 2025 — the payments company's largest acquisition to date — and Stripe has since been adding stablecoin features to its payments products.

The token is offered through Revolut Digital Assets Europe and is backed by reserves managed by Bridge under the EU's MiCA framework.

The three launch markets were chosen “for their market size,” a Revolut spokesperson said, adding that the first wave covers around 2 million customers.

Ethereum is the first blockchain to host EURR. Revolut said the stablecoin will also become available on other networks and will support transfers to external wallets. Those outbound transfers are available now to select customers and will expand “as liquidity builds,” the spokesperson said.

In the retail app, the EURR balance will appear next to a user's regular balance. Fiat transactions carry no fees, though Revolut's usual crypto trading and remittance limits apply.

“EURR connects 80 million Revolut customers directly to onchain finance,” said Emil Urmanshin, Revolut's Head of Crypto. He added that the company can combine “licensed banking infrastructure with instant euro-denominated access to the crypto ecosystem.”

We're rolling out EURR, our first euro-backed stablecoin, in the Revolut app. pic.twitter.com/UVcns1mytF

— Revolut (@Revolut) August 26, 2026

Filling the gap left by USDT

Revolut is delisting Tether's USDT across the European Economic Area and Switzerland (Revolut becomes last major European venue to delist USDT). After August 31, the fintech will convert any remaining USDT balances into customers' base currencies.

The delisting follows from Revolut's own MiCA crypto-asset service provider license. Issued by Cypriot regulator CySEC, the license does not allow the firm to list stablecoins whose issuers have not applied for MiCA approval. Under MiCA, fiat-backed stablecoins fall into a regulated category — e-money tokens — whose issuers must be authorized and hold reserves; Circle, the issuer of USDC, secured MiCA authorization, and USDC has remained listed on major European platforms while USDT exits.

Other major platforms have taken similar steps: Coinbase removed USDT for European users in December 2024, and Kraken, Crypto.com, and OKX followed by early 2025.

USDT is the largest stablecoin by market value, and the bulk of the stablecoin market is denominated in dollars rather than euros — context that frames EURR's rollout as one of the euro's most direct routes into mass-market fintech wallets.

Revolut describes EURR as “the first step” in a broader stablecoin strategy. The company plans to expand availability across the European Economic Area later this year, pending product, operational, and regulatory readiness, and is also developing tokens pegged to other currencies via various regulatory routes.

Separately, Revolut connected its Revolut X exchange to Claude and Gemini last month, and its U.S. arm wants stablecoin services in a planned American bank.